VasilyTrader

completed head and shoulders pattern and oversold market

Long
VasilyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar

hey guys,

we have a great buying opportunity on pound dollar pair.
oh a 4h chart we see a completed bullish abcd pattern.
also, looking left we see that the market is approaching a decent level of structure right now.

formation of a h&s pattern leaves us clues that with high probability we will see a pullback.

targets are based on structure.

stop below head.

good luck!
Comment:
test of the market support and bounce
Comment:
close to initial target
Comment:
hit the initial target
Comment:
Market is going higher
Trade closed: target reached

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